CINCINNATI MACHINERY MOVERS GETTING READY

Express Delivery Services is getting ready for business to pick up in 2017. Cincinnati Machinery Moverswere energized by the recent election of Donald Trump, and his indications of a strong emphasis to improve the Country's infrastructure. According to Transport Topics News, Sales at U.S. retailers rose in October more than forecast in a broad advance after an even stronger September than initially estimated, showing consumers continue to pump up the economy. A 0.8% rise in October followed an upwardly revised 1% jump in the prior month, marking the biggest back-to-back increase since March-April 2014, the Commerce Department reported Nov. 15. The median forecast in a Bloomberg News survey called for a 0.6% gain. Over the past 12 months, retail sales were up the most in almost two years. Healthy hiring, wage growth and limited inflation are giving Americans the wherewithal to spend at stores, malls and online merchants. Momentum at the start of the quarter bodes well for household purchases, which account for about 70% of the economy, during the approaching holiday shopping season. “The consumer is in good shape,” said Michael Gapen, chief U.S. economist at Barclays in New York. “The pace of household spending is fairly solid. We expect a slight acceleration this quarter from the third-quarter rate.” Estimates in the Bloomberg survey for total retail sales ranged from gains of 0.3% to 1.2% after a previously reported 0.6% rise a month earlier. Retail receipts increased 4.3% from October 2015, the biggest advance since November 2014. “A strong October following a strong September is encouraging,” Tom Simons, a senior economist at Jefferies, said before the report. “The labor market continues to be strong, and wage growth appears to be accelerating.” Sales improved in 11 of 13 major categories for a second straight month in October, the report showed. That included the biggest advance in five months at internet retailers and the strongest month for apparel chains since February. Furniture outlets and restaurants were the only major categories registering a decline in October sales.